Forex Flash: NZD/USD key levels at 0.82, 0.8255; NZ business confidence eyed - BNZ

FXstreet.com (Barcelona) - According to Mike Jones, FX strategist at BNZ, chances are for an improvement in today's NBNZ business confidence survey, however, he points out "less certain is what occurs in the ANZ survey's own-activity outlook." A printing below 20.0 (25.5 in October) in this index, as Mike notes, "would call into question our modest GDP growth forecasts."

Mr. Jones adds: "The NZD is unlikely to react to an unchanged or slightly improved outturn. But sharp falls in confidence and/or the activity outlook could see the NZDUSD dragged back towards 0.8200." For the short term, Mike expects any fall in NZDUSD to be well capped by support at 0.8145, while initial resistance can be found at 0.8255, ahead of stronger offers at 0.8315.